A newly formed French company closely affiliated with a well-known European fintech player and an Irish financial institution has agreed to enter a strategic alliance to issue a Euro-pegged stablecoin that fully complies with the latest MiCAR regulations. This project merges French cutting-edge blockchain technology with an Irish-issued EMI, poised to transform the financial landscape.
France-based Next Generation and Ireland-based electronic money institution (EMI) DECTA Limited have entered into a strategic partnership to launch the Euro-pegged stablecoin, EURT, which will be fully compliant with MiCA requirements. The new French firm is closely affiliated with Tempo France, a well-known European fintech player, through common shareholders and the ability to share all necessary resources. In 2017, Tempo France launched EURT with the Stellar Foundation as one of the first stablecoins. However, the project was later suspended due to a lack of regulatory framework. Implementing MiCA provides new opportunities and a green light for this project.
The flourishing digital asset market in the EU, now governed by the MiCA regulatory framework, offers a significant opportunity for collaboration between Next Generation and DECTA. Under the new MiCA rules, which took effect on the 1st of July, the issuance of Euro-pegged stablecoins like EURT is permitted exclusively to credit institutions or EMIs within the EU. DECTA Limited, with its EMI license authorized by the Central Bank of Ireland, is ideally positioned as a pioneering issuer within these regulatory confines.
Next Generation’s role will be to manage key technological components of the strategic alliance, providing state-of-the-art solutions for issuing, burning, and distributing EURT. The potential of the EURT project is an exciting opportunity for both companies, whose expertise, technical capabilities, and regulatory awareness are mutually complementary. The enhancement of the regulatory environment for stablecoins in the EU with the introduction of MiCA is welcomed by both Next Generation and DECTA Limited.
An essential feature of EURT is that it will operate on the Stellar blockchain and three other platforms.
“The implementation of MiCAR has opened a new era in the history of the segment of modern digital finance in Europe. As the share of European coins is currently unfairly low, we will witness a very rapid increase in their positions. The demand for Euro stablecoins is extremely high. Companies, entrepreneurs and private users today lose a lot on forced conversions. I do not expect, of course, that we will soon see parity in the positions of American and European coins in the near future. But I have no doubt that there will be a rapid growth to the proportions in which these fiat currencies are now.” - Suren Hayriyan, the president of Next Generation
MiCA was enacted with a clear definition of the legal nature of a stablecoin as an electronic money token (EMT), equating stablecoins with e-money, making the EMI license a key point. Thus, the regulator has given the green light for a civilized and stable market. The rules have made the segment predictable, transparent, and attractive to users, professional players, and investors,” said Suren Hayriyan, the president of Next Generation. Suren Hayriyan added, “We are very pleased to start a joint venture with such a prominent player in the fintech market as DECTA. Its team has proven its innovative approach and has established itself as one of the leaders in the European fintech market. We are confident of success.”
DECTA looks forward to bringing its expertise to collaborate with Next Generation, ensuring that their combined strengths will meet all the regulatory and market demands outlined by MiCA. DECTA is committed to driving innovation and trust in the stablecoin market, providing a robust and reliable digital asset on which users and investors can depend.
“Partnering with Next Generation on the EURT initiative would be an exciting opportunity for DECTA. As a regulated eMoney entity, our focus is always on ensuring client money is protected and managed correctly.” - Patrick Hayes, CEO at DECTA
The partners believe there will no longer be room for unregulated Euro-denominated stablecoins. EURT will be distinguished by high innovation and compliance with modern realities. One of the largest international auditing companies plans to monitor the reserves. The regular publication of key financial indicators will reinforce transparency. The highest level of cybersecurity will be ensured to secure data and transactions. The project will constantly improve partnerships with solid financial institutions and professional players to provide new opportunities for depositing and withdrawing funds. Based on market trends and the developed strategy, the companies expect to increase the market cap of EURT to up to $4 billion in 2026 and maintain significant growth rates in subsequent periods.
About Next Generation
Next Generation is a fintech company based in France, founded in May 2024. It is a 100-percent subsidiary of the privately owned, UK-based E-Ventures, which is the major stakeholder in the French fintech, Tempo France.
Tempo France is well known for being a European anchor of Stellar blockchain and developing over 100 modern payment methods in over 100 countries.
About DECTA
DECTA group companies provide end-to-end payment infrastructure, including payment acquiring, white label payment gateway, acquirer and issuer processing, and digital banking platform. Unlike other players in the crowded payments marketplace, we offer bespoke-as-standard solutions to make payments accessible to everyone. Its value chain includes Authorized Electronic Money Institution Licenses issued by national regulators in the UK, Ireland, and Cyprus and a PCI DSS Level 1, ISO 27001, and ISO 9001:2015 certified processor for Mastercard, Visa, and UnionPay International.
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